CNBC Editorial – Gold Price Spike

After Newmont acquired Newcrest, Newmont is reshaping its portfolio, selling non-core assets at significantly higher valuations. The 2024 divestiture program has raised $3.9 billion so far, exceeding its $2 billion target. Highlights include $909 per ounce of Reserves it received for Akyem from Zijin and $567 for Musselwhite from Orla, compared to $198 per ounce paid for the Newcrest’s Reserves. By focusing on Tier 1 gold and copper assets, Newmont is positioning itself for sustained growth and enhanced shareholder returns. [more]

eResearch has published a 30-page Industry Report on copper mining in BC’s Quesnel Trough, analyzing 26 companies ranging from senior producers to early-stage explorers. The report highlights copper’s growing strategic importance as a critical mineral in Canada and the US, driven by AI datacenter infrastructure, EV adoption, and power grid modernization. With the IEA forecasting a 30% supply deficit by 2035, BC’s Quesnel Trough, host to major mines including Highland Valley Copper, Copper Mountain, and Mount Milligan, is positioned as a key supplier to North America’s domestic copper supply chain. [more]

Discover the untapped potential of Canada’s North at the PDAC 2024 conference, where mining companies showcase their contributions to the global economy and green energy transition. This region, rich in critical minerals like cobalt, lithium, and gold, faces unique challenges, from environmental impacts to logistical hurdles. PDAC highlights the importance of sustainable development, Indigenous partnerships, and innovative solutions to these challenges. Join industry leaders, government officials, and Indigenous communities in discussions that shape the future of mining in the Arctic, ensuring responsible resource development and environmental stewardship. We highlight 11 companies currently operating or exploration in Canada’s North that you can meet this year at PDAC 2024. [more]